Published: 2025-11-13T00:30:45.000Z
Chart NZD/USD Update: Poised to extend bounce from .5606 low
1
Pressure remains on the upside and break above the .5670 resistance will see room to extend gains from the .5606 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | Aug low | S1 | .5606/00 | * | 7 Nov low, congestion | |
| R3 | .5755 | * | Sep low | S2 | .5585 | * | 2 Jan low, congestion | |
| R2 | .5700 | * | congestion | S3 | .5550 | * | congestion | |
| R1 | .5670 | * | 6 Nov high | S4 | .5500/85 | ** | congestion, 9 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Pressure remains on the upside and break above the .5670 resistance will see room to extend gains from the .5606 low. Clearance will see room for extension to target the .5700 level. Break above the latter will open up room for stronger gains to retrace losses from the .6007 September high to resistance at .5755/.5800, September and August lows. Meanwhile, support at .5606/00 area should underpin. Only below here will further extend the July losses and see potential for retest of the .5485, April current year low.